Benzoyl Chloride Price Chart, Historical and Forecast Analysis | Procurement Resource
In Q1 and Q2 of 2023, benzoyl chloride prices in Asia took a dip due to reduced purchasing from pharmaceutical and related industries, alongside decreased manufacturing activities. Despite the low production, adequate inventories managed to meet the subdued demand, leading to a drop in prices. Meanwhile, Europe experienced price surges in Q1, driven by increased costs of raw materials and high demand from end-users. However, Q2 saw a decline due to reduced interest from agriculture, perfumes, and resin industries, compounded by lower raw material costs amid inflation and high interest rates. North America followed a similar trajectory, with Q1 witnessing price surges due to strong demand downstream, while Q2 faced challenges stemming from weaker activity in agriculture, perfumes, and pharmaceuticals, as well as reduced production costs in response to market difficulties in the region.
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Definition
Benzoyl chloride possesses distinct properties crucial for various applications. It is a colorless liquid with a pungent odor, highly reactive due to its acyl chloride group. It is sparingly soluble in water but reacts with it vigorously. Benzoyl chloride’s reactivity enables it to be used as an intermediate in chemical synthesis, including pharmaceuticals, dyes, and perfumes. Its ability to introduce benzoyl groups in reactions makes it valuable in organic chemistry. However, its strong reactivity demands careful handling and storage, as exposure to moisture or water can lead to hazardous reactions.
Key Details About the Benzoyl Chloride Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Benzoyl Chloride in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Benzoyl Chloride Price trends, including India Benzoyl Chloride price, USA Benzoyl Chloride price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Benzoyl Chloride Price Trend:
Benzoyl chloride boasts a wide array of industrial uses thanks to its reactivity and functional attributes. Within the pharmaceutical realm, it plays a pivotal role as an essential component in crafting drugs and pharmaceutical substances. In the dye sector, it’s instrumental in generating vibrant dyes and pigments, while the fragrance industry relies on it to produce aromatic compounds. Crucially, benzoyl chloride is indispensable in manufacturing plastics, resins, and polymers, serving as both a cross-linking agent and an initiator. Its reactivity is highly beneficial in organic synthesis, facilitating the alteration of diverse compounds. Nevertheless, its handling demands caution due to its corrosive and hazardous properties.
Key Players:
- Lanxess AG
- Shanghai Xinglu Chemical Technology Co Ltd
- Nippon Light Metal Co Ltd
- Valtris Specialty Chemicals
- Hubei Phoenix Chemical Company Limited
- Benzochem Industries Pvt Ltd
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